Tax Month – August 2020

T a x  T e c h n i c a l  –  M o n t h l y  N e w s – August 2020 Edition – ‘Tax Developments’ for tax practitioners by a tax practitioner.   Compiled by F John Morgan A member of the Victorian Bar (www.FJMtax.com) Table of Contents ______________________________________________________________________________ COMPILING…

The work The Tax Institute does in consulting with tax authorities – not only benefits the system but advocates for members also

The Tax Institute’s weekly tax newsletter: TaxVine (No. 29, 31.7.20) carried an article by its Director of Tax Policy and Technical’s Report: Mr Andrew Mills, entitled: “Advocating for members through consultation”. This looks at the various consultation forums established by the ATO and the role Institute members play – in advocating for change under the Institute’s…

Dental Corporation Pty Ltd v Moffet – Dentist working under a ‘services agreement’ was not an “employee” at common law but was under the extended meaning in s12(3) of the SGC Act

The Full Federal Court has ruled that a dentist working under a services agreement was not an employee at common law but was an “employee” pursuant to the extended meaning of that term in s 12(3) of the Superannuation Guarantee (Administration) Act 1992 (SGAA) – which includes persons working under a contract wholly or principally “for”…

NSW: land tax discount for new build-to-rent housing projects to be introduced together with Housing Diversity Policy

On Wed 29.7.20, NSW Treasurer Dominic Perrottet and Minister for Planning and Public Spaces Rob Stokes has issued a joint release announcing that the NSW Government will be introducing a land tax discount for new build-to-rent housing projects until 2040 and a new Housing Diversity State Environmental Planning Policy (SEPP) to provide more housing options to boost construction and…

JobKeeper 2.0 – Treasury’s ‘Fact Sheet’ explaining the extended regime – 6 months, benefit level stepped down twice, 2 tiers in each depending on hours worked

On 21 July 2020, the Government announced that it would extend JobKeeper by 6 months – ‘JobKeeper 2.0’ as many call it. It would be stepped down over two more quarters, each with 2 tiers, depending on whether the employee or self-employed ‘business participant’ worked more or less than 20 hours a week. The ‘decline…

JobKeeper 1.0 reprised – ‘Fact Sheet’ updated to 21 July 2020 – announced to be continuing until replaced by new JobKeeper 2.0

At the time of announcing ‘JobKeeper 2.0’ the Government also announced that the existing JobKeeper arrangements (JobKeeper 1.0) will continue unaltered, through to the end of the last fortnight: 28 September 2020. It is worth, therefore, revisiting the terms and requirements of JobKeeper 1.0 as they changed over time, up to this point. See below…

Apple wins EU court case over $21 billion in taxes alleged to be underpaid under illegal preference deal with the Irish Government

On 15 July 2020, Raf Casert of the Sydney Morning Herald filed a story headed Apple wins EU court case over $21 billion in claimed taxes, which reported the outcome of the appeal by the Irish Government, stating “Ireland has always been clear that there was no special treatment provided” to the US company” (despite allowing it…